Reliance Foundation, run by the promoters of Reliance Industries, will set up universities in India in collaboration with the London School of Economics (LSE).

Reliance Foundation, run by the promoters of Reliance Industries, will set up universities in India in collaboration with the London School of Economics (LSE).

"We, at the newly established Reliance Foundation, took an important decision — to set up a world-class university in India-— as a humble contribution to the national aspiration to put India on the global educational map," said Nita Ambani, chairman Reliance Foundation and wife of industrialist Mukesh Ambani.

She was speaking at the Champaben & Jamnadas Modi/KR Narayanan PhD Fellowship at the London School of Economics on Friday. LSE would collaborate with the Reliance Foundation in setting up world-class universities in India, LSE’s Professor Lord Nicholas Stern said on Friday after Nita Ambani expressed her views.

"The university will break new grounds in the use of technology and it will be a university that looks global with Indian soul," she said. Ambani also suggested that India should introduce many far reaching reforms in its education system and give prominence to music, dance, painting, art and craft.

Taking note of India’s capability to become a $30-40 trillion economy by 2040 and become a poverty-free country, Ambani said Reliance Industries is seeking partnership with global players for a new venture aimed at bridging the gap between urban and rural India.